AlHuda CIBE and Center of Holy Book Finance Sign MoU

(October 20, 2023 Dubai – UAE): Mr. Muhammad Zubair Mughal, CEO of Al Huda CIBE-UAE, a long-time Islamic Banking Expert and Pioneer, lands in Palo Alto, CA, USA to sign an MOU with Center for Holy Book Finance. Mr. Mughal, who has spent the majority of his life pioneering in the Islamic Banking Industry around the world, displayed interest in this new concept of Holy Book Finance, which is based not only on the Qu’ran, but also on the Bible and the Torah. Mughal finds it productive that Muslims, Jews, and Christians might cooperate to find solutions to financial and banking crises and devise new products for the global financial system. Mughal plans to assist Center for Holy Book Finance with his Islamic Banking division and in any areas where he might be of assistance, including but not limited to planning events, trainings, conferences, and webinars.

Mughal points out that interest is not only prohibited in Islam, but is prohibited in all the Abrahamic religions including Judaism and Christianity, but he says that unfortunately, the share of the non-interest finance industry including Islamic Finance is less than 1% of the global financial industry, which Mughal says is a real dilemma. Mughal discussed all of these emerging issues with Center for Holy Book Finance and plans to join hands with Center For Holy Book Finance to initiate a dialogue and investigate these matters. In these tumultuous times, which may be a side-effect of the current banking system according to Center for Holy Book Finance, it is more important than ever to unite in cooperation in the realm of finance, banking, and economics. An MOU was signed between the two organizations on October 15, 2023 at the El Prado Hotel Hotel in Palo Alto, California, USA in an MOU signing ceremony.

About AlHuda CIBE: AlHuda Center of Islamic Banking and Economics (CIBE) is a well-recognized name in Islamic banking and finance industry for research and provides state-of-the-art Advisory Consultancy and Education through various well-recognized modes viz. Islamic Financial Product Development, Shariah Advisory, Training Workshops, and Islamic Microfinance and Takaful Consultancies etc. side by side through our distinguished, generally acceptable and known Publications in Islamic Banking and Finance.

We are dedicated to serving the community as a unique institution, advisory and capacity building for the last twelve years. The prime goal has always been to remain stick to the commitments providing Services not only in UAE/Pakistan but all over the world. We have so far served in more than 35 Countries for the development of Islamic Banking and Finance industry. For further Details about AlHuda CIBE, please visit: www.alhudacibe.com

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